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thanks for having me. >> steve yankovi ch for ebay. going over the fiscal cliff could cause major problems for state economies. which face the biggest threat from the potential tax hikes? joining us on the phone is laura porter, managing director at the public finance department, sector head for the state ratings group which focuses on state credits across the country. and focuses on a report, laura, looking granularly at this. good morning. >> good morning. thanks for having me. >> in general, you argue that a lot of ratings on the state front will remain unchanged no matter what. why is that? >> we feel states are fundamentally very strong credits, have strong control over their revenues and spending and the vast majority have shown the ability and willingness to adjust. so we think that the biggest and immediate threat is the fiscal cliff and what that can mean for state revenues, which quickly react to changing economy. >> you make the point -- surprise to no one, you have an unusually high degree of uncertainty in this outlook and
thanks for having me. >> steve yankovi ch for ebay. going over the fiscal cliff could cause major problems for state economies. which face the biggest threat from the potential tax hikes? joining us on the phone is laura porter, managing director at the public finance department, sector head for the state ratings group which focuses on state credits across the country. and focuses on a report, laura, looking granularly at this. good morning. >> good morning. thanks for having me....
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i mean, steve. i was building the studio and the green room said we were having coffee and there is it a great deal of pride with joprotects like that. >> i was a plumber and a roofer . my family was in construction. college is simply not for everyone. >> i with the college tuition crisis looming and you have children. 50 percent can't find jobs. mr. #1: a lot of people watching right now. they are in high school or about to graduate this coming year or family members who are in that and look thinking about what is next. >> this could be their life line. young guys getting into a trade it is not that long to learn and within a year or two you are cost effective and a good employee and you can make a living at it >> steve: how do you start. >> get out there and sell yourself. if you are a eager young guy and fire in the gut. a good employer will hire you on the spot. >> steve: and andy, your website. blue collar corner.comor see me on facebook. >> steve: thank you. straight ahead on monday morning, i
i mean, steve. i was building the studio and the green room said we were having coffee and there is it a great deal of pride with joprotects like that. >> i was a plumber and a roofer . my family was in construction. college is simply not for everyone. >> i with the college tuition crisis looming and you have children. 50 percent can't find jobs. mr. #1: a lot of people watching right now. they are in high school or about to graduate this coming year or family members who are in...
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welcome, steve. i hope you feel better. >> that's nice about you. >> i wasn't talking about myself. 1823, silent films star harold lloyd gave us a thrilling moment in american history. here it is. ♪ >> there was no computer generated special effects back then. that was a literal cliff-hanger, and 90 years later it keeps you on the edge of your seat. the literal cliff-hanger is what we have in congress right now. there's little to no doubt we'll avoid doomsday, but for a while we hang over the aabyss in a daredevil stunt of our own making. this makes americans believe congress is a bunch of big, fat liars. when it comes to honesty, congress ranked so low they're second to used car salesmen. it's a fee even harold lloyd wouldn't attempt to pull off in exchange for an over climactic conclusion. today we debay tut the wheel of fortune style. we use it to determine how to refer to the debate. cliff, slope, fiesta or follies. today we go to fiscal fiesta. are you ready for this fiesta party? >> i'm thril
welcome, steve. i hope you feel better. >> that's nice about you. >> i wasn't talking about myself. 1823, silent films star harold lloyd gave us a thrilling moment in american history. here it is. ♪ >> there was no computer generated special effects back then. that was a literal cliff-hanger, and 90 years later it keeps you on the edge of your seat. the literal cliff-hanger is what we have in congress right now. there's little to no doubt we'll avoid doomsday, but for a...
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the longest run since steve young. next play, jim harbaugh gets aggressive. going for the touchdown. and it goes off the finger tips of walker. the 9ers settle for a field goal to take the lead and then with three seconds left, greg zuerlein might be the best kick in the game. ties it. 13-13 as time expires. over time. david akers a chance to win it. 51-yarder, no. just to the right. he can't believe it. jeff fisher likes it. second over time in three weeks between these two teams till greg zuerlein with 26 seconds left in over time. 54 yards out. it is good. colin kaepernick loses his first game but jim harbaugh indicates he will start sunday. colin kaepernick took responsible for the loss afterwards. >> our defense played a great game. i -- i gave up those points on the score scoreboard for the rams. that is 100% my fault. >> tough one. we will have to bounce back very quickly. there is a football fight and we did not win it. >> yeah. raiders facing the browns that was bad. hadn't won in 13 games. almost two years on the road and the raiders were as bad as
the longest run since steve young. next play, jim harbaugh gets aggressive. going for the touchdown. and it goes off the finger tips of walker. the 9ers settle for a field goal to take the lead and then with three seconds left, greg zuerlein might be the best kick in the game. ties it. 13-13 as time expires. over time. david akers a chance to win it. 51-yarder, no. just to the right. he can't believe it. jeff fisher likes it. second over time in three weeks between these two teams till greg...
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steve, jump in. what about the fundamentals. >> i actually shorted gm this morning. both have had a great few weeks, couple of months but it's important to bring perspective. if you look at a long-term chart of ford, you see this stock is trading where it was in 1993. back in 1993 i was in college. i was doing beer bongs and listening to pearl jam. that was a heck of a long time ago to be at the exact same price point. when you hear stories about detroit's renaissance, detroit comebacks, have you to be skeptical but they term out as well as brett favre comebacks. >> sure. >> wow. wait a second, you shorted gm this morning? you shorted gm this morning? >> this morning. the reason i did -- >> that was actually a good play. truth is, gm is up quite a bit more than ford year to date. obviously, you picked out the one today that's quite weak. in '93 i was sloging away at my first or second job out of college. these have not been great investments long term and everybody knows that. general motors, the one we're looking at is new iteration. the last one being bankrupt. day
steve, jump in. what about the fundamentals. >> i actually shorted gm this morning. both have had a great few weeks, couple of months but it's important to bring perspective. if you look at a long-term chart of ford, you see this stock is trading where it was in 1993. back in 1993 i was in college. i was doing beer bongs and listening to pearl jam. that was a heck of a long time ago to be at the exact same price point. when you hear stories about detroit's renaissance, detroit comebacks,...
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steve mcmahon, purple strategies. when the cameras aren't rolling, you love and respect leader armey. >> well, one of the things that happen in washington is you're in these green rooms all the time and i don't agree with him on anything, but he's a terrific guy. >> i saw a parity and ann coulter and al sharpton got off appearing on some show and they high fived each other in the green room and they were calling each other honey and what's our next gig, where is it going to be? and it was totally, hate when they're out there arguing. >> they're human beings. and it's the way washington used to work. people used to socialize together, whether they were democrats or republicans. they built an entire notion on the company that you can get democrats and republicans to work together to solve business and brand challenges. that's the key issue. >> they don't know each other. they don't socialize each other. there's a taint with doing it. let me give you an idea. we've got a fiscal cliff now. we have the fiscal abyss next ye
steve mcmahon, purple strategies. when the cameras aren't rolling, you love and respect leader armey. >> well, one of the things that happen in washington is you're in these green rooms all the time and i don't agree with him on anything, but he's a terrific guy. >> i saw a parity and ann coulter and al sharpton got off appearing on some show and they high fived each other in the green room and they were calling each other honey and what's our next gig, where is it going to be? and...
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thanks for joining us, steve. first of all, what about the scenario that oh let's just let them go over the cliff and won't matter and the markets will view it as a nonevent. what do you think some. >> certainly going to matter. there's no question it's going to matter. it's going to matter to the markets. we don't know how much. this is an unprecedented situation, at least in my lifetime. we've had crises and debt ceilings and all that, but going over a cliff like this is a new one. the markets would be volatile, extremely -- a lot of downward pressure on them. and then the question would be how do businesses and consumers behave and quickly do they pull back? everyone knows the immediate impact from the government coming back and spending wouldn't be that great. the question then is how do businesses and consumers react? i don't think it will be a pretty sight. >> what about the debt ceiling? there was a suggestion? geithner's opening bid that they do a permanent fix and give the president the operative control
thanks for joining us, steve. first of all, what about the scenario that oh let's just let them go over the cliff and won't matter and the markets will view it as a nonevent. what do you think some. >> certainly going to matter. there's no question it's going to matter. it's going to matter to the markets. we don't know how much. this is an unprecedented situation, at least in my lifetime. we've had crises and debt ceilings and all that, but going over a cliff like this is a new one. the...
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steve harrigan joins us from there. where do we stand now with this constitutional court having no ability to rule at this point? >> reporter: the most unusual situation in cairo where you have egypt's top court whose judges now say basically they are afraid to do their job. they were supposed to enter the court sunday to get to work. there was a crowd of pro-government protester surrounding that white house. the judges say they felt intimidated by the crowd both physically and psychologically intimidated. so for now they suspended all their work. martha: we can hear the sound of the protesters behind you. what i next in tahrir square? >> reporter: it's a competition between the two sides. those who support this president and those who want to drive him out of office. we have seen the protesters numbers diminish from 250,000, to sometimes 5,000 to 10,000 a day. sometimes the two sides have kept apart from one another. but tomorrow they say they will march to the presidential palace which is where the pro morsi demonstra
steve harrigan joins us from there. where do we stand now with this constitutional court having no ability to rule at this point? >> reporter: the most unusual situation in cairo where you have egypt's top court whose judges now say basically they are afraid to do their job. they were supposed to enter the court sunday to get to work. there was a crowd of pro-government protester surrounding that white house. the judges say they felt intimidated by the crowd both physically and...
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steve, i want to get back to you here. the democrats say, wait a second, wait a second, you raise taxes on the rich just like the clinton did back in 1992 and you end up with a bill. you have a solid expansion. what do you make up with that argument? >> i hope they do not believe that argument. look, maybe barack obama is right. maybe if you raise these taxes, it will not hurt the economy. [talking over each other] stuart: bill clinton raised taxes and the economy took off. >> there are a lot of things that influence the economy. not just taxes. there are other things. there is no monetary policy, which was great under bill clinton. do not forget that bill clinton did welfare reform. one of the most historic acts over the last 50 years. do not forget that we caught government spending within those years. the problem with obama's proposals is he wants more. this idea that raising tax rates does not hurt the economy because, you can go ahead and spoke three packs of cigarettes a day for the rest of your life because i know s
steve, i want to get back to you here. the democrats say, wait a second, wait a second, you raise taxes on the rich just like the clinton did back in 1992 and you end up with a bill. you have a solid expansion. what do you make up with that argument? >> i hope they do not believe that argument. look, maybe barack obama is right. maybe if you raise these taxes, it will not hurt the economy. [talking over each other] stuart: bill clinton raised taxes and the economy took off. >> there...
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. ♪ [ male announcer ] this is steve. he loves risk. but whether he'slimbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with peoplee trusts, which is why he trades with a company that doesn't nick and dime him with hidden fees. so he can worry about other things, like what the market is doing and b ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. can i still ship a gift in time r christmas? yeah, sure you ca great. where's yr gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid om splashing up- relieving the pain quickly. try fast, long sting gaviscon®. david: well, shares of health management associates falling into the red today. let's head back to lauren simonetti on the floor of the
. ♪ [ male announcer ] this is steve. he loves risk. but whether he'slimbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with peoplee trusts, which is why he trades with a company that doesn't nick and dime him with hidden fees. so he can worry about other things, like what the market is doing and b ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. can i still ship a gift in time r christmas?...
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steve brown has more in chicago with this. we heard a little bit of the 911 call before the break. how do those final moments play out at arrowhead stadium earlier on saturday morning? reporter: yes, let's put that into context. kasandra perkins was shot numerous times and fatally wounded by the father of their child. that is jovan belcher, who drove to arrowhead stadium, essentially to talk to two people. that would be head coach and general manager. neither of those two gentlemen have commented on how those final seconds played out. but police officer that was watching did watch those fateful seconds unfold. >> we have two coaches and one other employee here. [inaudible] reporter: in terms of a motive for the shooting, reportedly there was a moment country and argument about kasandra perkins's labor turn from a concert. jenna: in the meantime, what happens with the 3-month-old daughter, little zoey? reporter: in the meantime, family from austin, texas, are helping take care of her. his teammates also decided to set up a fund for zoey. >> we just want her to understand at one poin
steve brown has more in chicago with this. we heard a little bit of the 911 call before the break. how do those final moments play out at arrowhead stadium earlier on saturday morning? reporter: yes, let's put that into context. kasandra perkins was shot numerous times and fatally wounded by the father of their child. that is jovan belcher, who drove to arrowhead stadium, essentially to talk to two people. that would be head coach and general manager. neither of those two gentlemen have...